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Nov 29, 2012
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clinton benefited when he came in. i do think if you look historically over time it is very hard to see any kind of causal relationship between economic growth and job production and lowering rates on investment income. as warren buffett says, if they're going to make a profit they're going to make a profit whether, even taxed at a higher rate. i personally like the simpson-bowles idea which is what reagan did in '86. take everybody's rate down, right? close the loophole for investment income. cut back on the mortgage interest deduction. cut other loopholes and get marginal rates to 28% for everybody. then you --. liz: if you could hold off the hound, the lobbyists. >> i understand that i think that is better. i think we do have, look, we have a lot of tax arbitrage by people trying to take advantage of this lower rate. a lot of income being recast, wage income being recast as capital gains income. a lot of derivatives constructed so people can get the lower rate. it adds complexity to the tax code. get rid of it. tax
clinton benefited when he came in. i do think if you look historically over time it is very hard to see any kind of causal relationship between economic growth and job production and lowering rates on investment income. as warren buffett says, if they're going to make a profit they're going to make a profit whether, even taxed at a higher rate. i personally like the simpson-bowles idea which is what reagan did in '86. take everybody's rate down, right? close the loophole for investment income....
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president clinton was clear when he spoke to the republicans. he pointed out that the biggest driver of the united states debt is medicare. he understands that we have to face up to the medicare problem. we need a solution. >> the conference that rick was referring tompt he said folks, i won and i get to make the decision and he grew the budget by 800 billion every year. one-time stimulus has happened every year of the presidency and the president through tim geithener is making a proposal and raising taxes. >> it is absurd what is in the propose and the president is proposing. we hear the president saying that tax hikes on the upper brackets will solve all of the problems and it pay for government spending for a week and a half . the psident said he would stop the seas from rising. he might want to stop the oceans of red ink that are rising. listen, they make this point. federal taxpayers ponying up to cover up the short fall of social security. white house said that is happening . lbj in the '60s got the government's mitts on social security f
president clinton was clear when he spoke to the republicans. he pointed out that the biggest driver of the united states debt is medicare. he understands that we have to face up to the medicare problem. we need a solution. >> the conference that rick was referring tompt he said folks, i won and i get to make the decision and he grew the budget by 800 billion every year. one-time stimulus has happened every year of the presidency and the president through tim geithener is making a...
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Dec 2, 2012
12/12
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we are proposing to let the rates go back to clinton levels. that was a time of remarkably good economic growth in the country. strong private investment, strong job growth and strong growth in next. it was a good time for the american economy. makes a lot of sense. but in addition to that we propose to limit deductions for the top two percent of americans as well. we are willing to work with republicans on tax reform to create a more simple and fair system but only part of an agreement that has the rates go back up at the end of the year. >> 39.6%? >> and the reason eye why -- >> i understand the reason why. >> if you don't do that, you have to ask yourself where, whose taxes are you going to raise? where are you going to fine the money to bring a balanced plan in place that reduces our long-term deficit? >> how does that go for the economy if we go over the cliff? >> the american economy? >> yes. >> it would be very damaging. there's no reason it should happen. the only reason it would happen is if a group of members of congress decide they a
we are proposing to let the rates go back to clinton levels. that was a time of remarkably good economic growth in the country. strong private investment, strong job growth and strong growth in next. it was a good time for the american economy. makes a lot of sense. but in addition to that we propose to limit deductions for the top two percent of americans as well. we are willing to work with republicans on tax reform to create a more simple and fair system but only part of an agreement that...
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ronald reagan and throughout the clinton era. john: george w. bush hired 86,000 more regulators. >> banking is one of the most regulated industries if not the most. the problem was not deregulation but we had a crisis caused by a massive industry in real-estate due to policies to seven everybody encouraged to take out a mortgage. there will intended. they crafted the bill. logic says this will protect us? >> dodd/frank does not end the bailout are too big to fail. john: all this? that is left in here and even encouraged because it implies some banks will be bailed out. >> right. when you say the bank is systemic you say it is an institution to big and important and critical to allow to be left 57 they have labeled them systemic. it shows what happens and white increases the risk. the big banks can borrow money more cheaply because they think the government will bail them out. >> creditors know they will not be bailed out if they fail so they give them money at it cheaper rate. >> jpmorgan chase pays $4 interest but the small bank pays $70 $0.50.
ronald reagan and throughout the clinton era. john: george w. bush hired 86,000 more regulators. >> banking is one of the most regulated industries if not the most. the problem was not deregulation but we had a crisis caused by a massive industry in real-estate due to policies to seven everybody encouraged to take out a mortgage. there will intended. they crafted the bill. logic says this will protect us? >> dodd/frank does not end the bailout are too big to fail. john: all this?...
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. >> deputy to llary clinton, former morgan stanley executives trying to be obama's chief of staff. and tom knight has been making the rounds on wall street having dinners with various wall street streetictives. -- executives. and he setting the stage for an interesting wall street embrace of the president. you listen to these guys, ceo of goldman sachs, goes up tre before the water, he looks like he has within water tortured minutes before, eyes shiftg. neil: i don't know he was waterer to thetured. i think that guy,hoer? lead, and whoever is the winner. things he opposed, long col on, just weeks ago, now sign me up. >> what is ridiculous, he went out and said we need to cut expenditures and a planned approach but tn he said, president has a creble plan ta raise a lot of taxes. >> ihink they are allll pathetic losers, they make washington, d.c. look lik choir boys, i am shocked. in record time, turning to this guy who cald him every name in the boo dirty rotten scoundrels of wall street, n ey are playing ft ftse i is grossndreepy. neil: i did not think that losing your backbone was
. >> deputy to llary clinton, former morgan stanley executives trying to be obama's chief of staff. and tom knight has been making the rounds on wall street having dinners with various wall street streetictives. -- executives. and he setting the stage for an interesting wall street embrace of the president. you listen to these guys, ceo of goldman sachs, goes up tre before the water, he looks like he has within water tortured minutes before, eyes shiftg. neil: i don't know he was waterer...
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Dec 2, 2012
12/12
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ben's father is an old friend of the clintons. over the years, he has donated thousands of dollars to theirs and other democratic political campaigns and over time, the families became close friends. >> ben, a beautiful man, with a beautiful life. some people live four times as long and don't do as much good or bring as much joy. >> why did you decide to call me? >> i called you in desperation. i wanted to know what to do. i just knew that somebody needed to do something, but that's why i called you. i thought you, a, i knew you'd care about it. b, i thought you'd know something about it. >> i could tell in your voice that you were pretty broken up. what kind of kid was he? >> a light shined out of him. that's all i can tell you. he grew up, he was big, strong, handsome, smart. and wanted to make something of his life. he was industrious, but normal and liked to have a good time. i promise you that night he had no idea he was turning out the lights. none. and if it's true of him, it's got to be true of a lot of other people. >> as
ben's father is an old friend of the clintons. over the years, he has donated thousands of dollars to theirs and other democratic political campaigns and over time, the families became close friends. >> ben, a beautiful man, with a beautiful life. some people live four times as long and don't do as much good or bring as much joy. >> why did you decide to call me? >> i called you in desperation. i wanted to know what to do. i just knew that somebody needed to do something, but...
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that is her husband, bill clinton. and i am on the side that says i don't even think she wants to do much cells after secretary of state. she has been around for awhile, taken a lot of heat. i thiik that she probably might want to just enjoy her life. >> for four years and then run. >> i took the 42nd street exit ramp and there was a huge pot hole. the first name that came to mind was not made clinton should fix this. of the shoe want to deal with all the municipal issues. melissa: moving on to something that i would love to happen. in eighth grade girls petitioning has brought to market easy bake ovens for boys. her petition has more than 24,000 signatures. she says her four year-old brother likes to cook. all the kids do. a packaging and promotions make it seem like cooking is only for girls. she wants her brother to know that is not wrong for him to want to be a chef. they're missing out.ainer. >> it's a great idea. absolutely. that's all i love habakkuk. that's why i'm happily married. but the reality is, gordon ra
that is her husband, bill clinton. and i am on the side that says i don't even think she wants to do much cells after secretary of state. she has been around for awhile, taken a lot of heat. i thiik that she probably might want to just enjoy her life. >> for four years and then run. >> i took the 42nd street exit ramp and there was a huge pot hole. the first name that came to mind was not made clinton should fix this. of the shoe want to deal with all the municipal issues. melissa:...
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Dec 1, 2012
12/12
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go back to clinton's last year in office. we spent half and hardly not on the street. >> morgan, the gas tax is regressive. it hits, it doesn't hit just the rich folks but middle class and poor. it hits harder than the rich folks. >> i am for discussion for the gas tax hikes. i think our government should do the refining prices better to tamp down the price of gas. it hasn't been hiked since 1993. it is not adjusted for inflation . the truth of the matter it funds the highway trust fund and we are seeing a major budgetary short fall. >> actually mike, it is not a bad point. if the federal government has been coming in to fill that gap without this gas tax going up, is this one tax that maybe should go up. >> no, john is right. at a time when personal income is falling, we don't want to raise the cost of the living for people. that would be terrible. moms drives kids around and people driving to work. the federal government raids the trust fund. >> like social security, right. >> it is not like the increase of revenue would go
go back to clinton's last year in office. we spent half and hardly not on the street. >> morgan, the gas tax is regressive. it hits, it doesn't hit just the rich folks but middle class and poor. it hits harder than the rich folks. >> i am for discussion for the gas tax hikes. i think our government should do the refining prices better to tamp down the price of gas. it hasn't been hiked since 1993. it is not adjusted for inflation . the truth of the matter it funds the highway trust...
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hillary clinton saying today the future of syria cannot possibly include assad. in the netherlands sending patriot missiles to turkey aimed at protecting the neo member against possible syrian attack. maximum of 360 personnel will accompany two surface-to-air missile batteries. those are your headlines in the fox business network. get you back to dennis kneale. dennis: thank you. fiscal cliff survival kit, looking for a safe investment, muni bonds may be the way to go. so says the chief executive officer of front stone capital management who joins us from chicago. thanks for being with us. you like these munis even though you're the we ritter 5 there would be all kinds of defaults across the landscape. >> this is one of my favorite topics because we at bob brooks stone capital management have been very bullish in the 2008 crisis. it produced some stellar total return for our clients that include the interest on a tax rebate and appreciation. dennis: would you prefer that i as your client buy an entire bond or maybe ought to buy a basket in an e t f or something.
hillary clinton saying today the future of syria cannot possibly include assad. in the netherlands sending patriot missiles to turkey aimed at protecting the neo member against possible syrian attack. maximum of 360 personnel will accompany two surface-to-air missile batteries. those are your headlines in the fox business network. get you back to dennis kneale. dennis: thank you. fiscal cliff survival kit, looking for a safe investment, muni bonds may be the way to go. so says the chief...
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i don't think that raising -- putting the tax rates back to the clinton level -- clinton era level is going to harm the economy. but if you could not raise taxes and you could make it up another way, i do think that's the better way to go. and, you know, i think the president is now appealing a little bit to the base on insisting on it has to be the tax rates, when he should be open to -- and maybe he will be -- this could just be a negotiating tactic, he should be open to the idea of closing loopholes eliminating deductions and making up the revenue in another way. stuart: i was right. >> you're very sensitive to drifting. stuart: i have never been described as sensitive before, but i do appreciate the compliment. i hope you will come again. will you? >> absolutely. >> stuart: thank you very much. we appreciate it. >> thank you. stuart: the california teachers union has sunk, and i'm going to say to a new low. a cartoon video about taxes and the rich, and it shows a rich person urinating on poor people. more on that next with mike reagan. stuart: president obama will not budge on rai
i don't think that raising -- putting the tax rates back to the clinton level -- clinton era level is going to harm the economy. but if you could not raise taxes and you could make it up another way, i do think that's the better way to go. and, you know, i think the president is now appealing a little bit to the base on insisting on it has to be the tax rates, when he should be open to -- and maybe he will be -- this could just be a negotiating tactic, he should be open to the idea of closing...
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Dec 6, 2012
12/12
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. >> apparently hillary clinton is talking. >> that's the only route that is going to stop this from happening. if left to his own devices, he will use those. >> and what about the countries that boarder. turkey. this stuff doesn't just stop. it gets into the atmosphere. you can't bomb the place. you have to send in ground troops. and now what happens ? the best thing that could happen is puten makes a phone call and says cut this stuff out. the middle east has gotten to be a very serious problem for everybody. >> maybe we will focus more on that next time around. the fiscal cliff keeps going and going. thank you both for coming in. good to talk to you again. allison, back to you. >> tony, thank you. still ahead at 7:00 , the sense of a woman now available in deep dish. as we go to break, holiday greetings from our service members overseas. >> good morning. this is williams your daughter. this message is for you. i wish you guys a happy holiday and hope you enjoy the christmas, thanksgiving and new year. i won't be able to be home but have a great time without me. just have so much f
. >> apparently hillary clinton is talking. >> that's the only route that is going to stop this from happening. if left to his own devices, he will use those. >> and what about the countries that boarder. turkey. this stuff doesn't just stop. it gets into the atmosphere. you can't bomb the place. you have to send in ground troops. and now what happens ? the best thing that could happen is puten makes a phone call and says cut this stuff out. the middle east has gotten to be a...
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clinton, and they told me that bill clinton and barack obama ave had a major falling out. lou: wow, afterll the campaigning? the elegant speech, really? >> because of this estrangement, i'm told, is back to the presidential election when clinton struck a deal with obama. in the deal, clinton said he'd give the nominating speech and go out and campaign for obama, but in return, he wanted a couple things from the president. first, clinton wanted to be a allowed to name the next chairman of the democratic national committee to have effective control of the party apparatus and all the money that goes with that. lou: that's a big gift. >> well, he did a big deal for obama. lou: right. >> secondly, he wanted obama to agree that he would back hillary if she runs for president in 2016, and that was a verbal commitment he believed he had from barack obama. shortly after the election, according, again, to my sources, clinton sent obama a list of five names from which he could choose the next chairman of the democratic national convention. lou: a list from clinton to the president? >
clinton, and they told me that bill clinton and barack obama ave had a major falling out. lou: wow, afterll the campaigning? the elegant speech, really? >> because of this estrangement, i'm told, is back to the presidential election when clinton struck a deal with obama. in the deal, clinton said he'd give the nominating speech and go out and campaign for obama, but in return, he wanted a couple things from the president. first, clinton wanted to be a allowed to name the next chairman of...
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secretary of state clinton talking tough as violence rages. what is the president thinking? is obama ready to else aside? details ahead. fiscal close fights, competing proposals. no formal talks said. since when did leaders talk about talking but not sit down at the center will. what is wrong with obama and banner? did they really think this is a good -- a game? ♪ ♪ [ male announcer ] it started long o. the joy of giving something everything you've got. it takes passion. and it's not letting up ytime soon. if you're eligible for medicare, you might know it only coversbout 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medica supplement plans, they help pay some of the difference. and could save you in out-of-pocket medical costs. you'll be able to visit any doctor or hospital that accepts medare patients. plus, there are no networks, and you never need a referral to see a specialist. so don't wait. call now to reques a
secretary of state clinton talking tough as violence rages. what is the president thinking? is obama ready to else aside? details ahead. fiscal close fights, competing proposals. no formal talks said. since when did leaders talk about talking but not sit down at the center will. what is wrong with obama and banner? did they really think this is a good -- a game? ♪ ♪ [ male announcer ] it started long o. the joy of giving something everything you've got. it takes passion. and it's not...
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when you say talk to going to the clinton rates. you're missing clinton tech boom. clinton levels of spending. when you take that into account it doesn't actually end up closing your gap when it comes to something which some other clinton alumni pointed out this week is a $86 trillion in unfunded liabilities for entitlements. >> that number is essentially fake. >> a lot of times when we're discussing this stuff, it is fake because government refuses to put it on the books because they don't want to acknowledge it exists. >> that is not it. >> my point being i don't want to only talk about simplifying when we're not actually closing the gap. i don't want to only talk about the fiscal cliff when nothing we're doing is coming close to deal with these issues. melissa: we talk about how hard it is to simplify the tax code. our guest before you guys said the same thing. it could be really simple. we could put out three rates for people with absolutely no deductions exceptions. if you're in this group you pay 35% or whatever. make up your number. >> right. melissa: if you'
when you say talk to going to the clinton rates. you're missing clinton tech boom. clinton levels of spending. when you take that into account it doesn't actually end up closing your gap when it comes to something which some other clinton alumni pointed out this week is a $86 trillion in unfunded liabilities for entitlements. >> that number is essentially fake. >> a lot of times when we're discussing this stuff, it is fake because government refuses to put it on the books because...
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Nov 29, 2012
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and hillary clinton who some what responsible for the libyan. bill clinton and i vote for jay z over the president. nothing against mr. clinton he is brilliant man. why is he person of the year, for what? we are lifing in a shallow time in merning. pardon the pun. >> steve: one of the other people who reportedly considered sandra fluke. infamously at georgetown university i believe. >> gretchen: seriously? so is this list published sort of a list or a guessing game. >> brian: it is a way to sell a magazine. >> steve: no one else is buying them. so maybe that will get people interested. >> brian: 21 minutes before the top of the air. major league baseball. and nomination list. controversial in barry boppeds and sammy sose they should get in the hall of fame by their performance. performance enhancing drugs had everything to do with the druggings. the question is, will be put in cooperstown. >> steve: what do you think? >> brian: no, you can't go in and cheat and be the best. it is unfair to hank aar babe ruth. also another brooklyn story. during
and hillary clinton who some what responsible for the libyan. bill clinton and i vote for jay z over the president. nothing against mr. clinton he is brilliant man. why is he person of the year, for what? we are lifing in a shallow time in merning. pardon the pun. >> steve: one of the other people who reportedly considered sandra fluke. infamously at georgetown university i believe. >> gretchen: seriously? so is this list published sort of a list or a guessing game. >> brian:...
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Dec 3, 2012
12/12
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>>neil: but we know it is not returning to the clinton tax rates. as you pointed out between the sur taxes on the wealthy, medicare and everything else, you are at a were higher rate? >>guest: of course, this is higher. yes. and you are talking about much higher spending. remember, that government spending is taxation. these guys don't create resources. they redistribute the resources. what they have done here with this, they have had a huge increase in taxes which is why we have the very bad who we have today. it is, unfortunately, we are never going to bring the economy back unless we get control of the spending and get toward the low rate flat tax. can you not do it. >>neil: i don't think either side has offered enough on spending. i think it is baked into the cake it is the result of election and elections have consequences. but on the wealthy i think the rates go up but with the latest proposal, why see enough to adhere to what was the debt commission in cuts, is too little too late, but, too little, more to the point. >>guest: it is too little
>>neil: but we know it is not returning to the clinton tax rates. as you pointed out between the sur taxes on the wealthy, medicare and everything else, you are at a were higher rate? >>guest: of course, this is higher. yes. and you are talking about much higher spending. remember, that government spending is taxation. these guys don't create resources. they redistribute the resources. what they have done here with this, they have had a huge increase in taxes which is why we have...
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Nov 30, 2012
11/12
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thought, but he still want to doe i have tdestroy you rich pe, kidding, he doesn't toupee more but not clinton era more. 38%, that is potentially a significant development, it could be a deal maker, he is why, president says he -- republicans to give in on having rich pay more taxes, republicans could say as least as not as much more. in a sense, it splits the tax revenue difference. there is still a long way from the deal. but clearly sign yet that this president, who has been attacked for not being flexible on spending cuts, by not cutting anybody. what to make of it? tom fanning. and former bush front economic director todd. erin, what are we to make of this? do you get a sent from this, that this is the making of a middle ground deal? >> i think it is. i was up on capitol hill today. john boehner h a press conference followed one by senate democratic leaders, they were both chest thumping saying neither side of getting closer, but privately they are, republicans know that at some point they are going to have to give in and rates will increase because. democrats are saying they will not con
thought, but he still want to doe i have tdestroy you rich pe, kidding, he doesn't toupee more but not clinton era more. 38%, that is potentially a significant development, it could be a deal maker, he is why, president says he -- republicans to give in on having rich pay more taxes, republicans could say as least as not as much more. in a sense, it splits the tax revenue difference. there is still a long way from the deal. but clearly sign yet that this president, who has been attacked for not...
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and what clinton could do in the future, i don't know. i don't know why obama is so insistent on higher tax rates except it fits his rhetoric. stuart: at the end of the day, i think that the republicans will actually submit on the issue of higher tax rates. it may be just tax rates higher for those making half a million a year, i think they'll retreat a little bit. >> i think, too, what i'd like to see the republicans do, i'd like to see them pass a bill extending tax cuts below $250,000 and everyone agrees those should be put through and then put through another bill that extends the tax cuts on those $250,000 and above and let the democrats take ownership because you know, they're going to be held responsible for the economic performance of 2013 and come 2014, you can actually get a political change that might make a difference. stuart: we'll wait and see on that one. art laffer, always a pleasure. >> bye now. stuart: the republicans submit their fiscal cliff solution. now, that plan put out by speaker boehner, includes 800 billion doll
and what clinton could do in the future, i don't know. i don't know why obama is so insistent on higher tax rates except it fits his rhetoric. stuart: at the end of the day, i think that the republicans will actually submit on the issue of higher tax rates. it may be just tax rates higher for those making half a million a year, i think they'll retreat a little bit. >> i think, too, what i'd like to see the republicans do, i'd like to see them pass a bill extending tax cuts below $250,000...
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Dec 3, 2012
12/12
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praised clinton in a more than ten-minute video tribute. take a look at this. >> strength, toughness, very strong streak of principle. >> i had the opportunity to work with her, to achieve ceasefire between israel and hamas. >> a strong and determined leader. >> politics as a mother, as a senator, the pinnacle up to now of her public service. >> one of the best secretary of states in american history and finally, hillary, a lot has been said about our relationship and here is what i know. you haven't just within one of my closest partners, you've become a great friend. >> yet this was not it at the 2016 convention yet. for those wondering if clinton may have politics in her faw tour listen to how the video wrapped up and secretary clinton's reaction. >> on the side of human rights, human dignity. more countries may have the same extraordinary good fortune that we've had. >> someone who knows a thing or two about political comeback, i can tell you i don't think we've heard the last of hillary clinton. ♪ girl, you're amazing just the way yo
praised clinton in a more than ten-minute video tribute. take a look at this. >> strength, toughness, very strong streak of principle. >> i had the opportunity to work with her, to achieve ceasefire between israel and hamas. >> a strong and determined leader. >> politics as a mother, as a senator, the pinnacle up to now of her public service. >> one of the best secretary of states in american history and finally, hillary, a lot has been said about our relationship...
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Dec 5, 2012
12/12
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tax rates in a heartbeat if i could get the clinton spending rates. but neither side wants to talk about spending. it's not a deal to me if they're not going to talk about spending. >> i agree with you, eric. i think you're right. i wrote about that, too. but i think the president now, he's sort of signaled that he may be looking for some wiggle room here. later this afternoon he said that he wanted the tax rate cut now and he would be happy to look at lowering them again in a bigger package, but i agree with you. i think we have to get serious about these spending cuts. i just applied for social security and i want mine. >> all right. rich, appreciate it. eric, thanks. let us know what you think. follow me on twitter. i'm tweeting tonight. >>> just ahead, 21 months after bashir al assad began killing his own people, the fighting is raging in syria. the rest of the world may finally be convinced things are critical there. senator john mccain is asking what took so long. more from him ahead. if we want to improve our schools... ... what should we inves
tax rates in a heartbeat if i could get the clinton spending rates. but neither side wants to talk about spending. it's not a deal to me if they're not going to talk about spending. >> i agree with you, eric. i think you're right. i wrote about that, too. but i think the president now, he's sort of signaled that he may be looking for some wiggle room here. later this afternoon he said that he wanted the tax rate cut now and he would be happy to look at lowering them again in a bigger...
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Dec 4, 2012
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buick as well as former clinton special counsel davis. the president campaigns on $800 billion in new taxes. he now wants 1.6 trillion. he wants twice the amount, lanny. he wants a blank check and congress to give up its authority as it relates to money and say no, no, let me raise the debt ceiling any time i want. he wants 150 billion in new stimulus but no entitlement cuts at all, no spending cuts at all. now that sounds to me like somebody that's not serious. >> i don't know where to begin to correct some of what you just said, but let me at least start with ronald ra reagan. >> tell me where i'm wrong. >> you're certainly wrong that he didn't campaign to cut 98% of the american people's taxes with the upper 2% paying. he won the election based on that explicit proposal. >> and the house from their election -- the house won their election to stop him. the house also won, lanny. >> 535 congressional districts, most of which have little opposition, exain capture be cao voting for president. >> they did not vote to give him a rubber stamp
buick as well as former clinton special counsel davis. the president campaigns on $800 billion in new taxes. he now wants 1.6 trillion. he wants twice the amount, lanny. he wants a blank check and congress to give up its authority as it relates to money and say no, no, let me raise the debt ceiling any time i want. he wants 150 billion in new stimulus but no entitlement cuts at all, no spending cuts at all. now that sounds to me like somebody that's not serious. >> i don't know where to...
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. >> hillary clinton today saying she was doing a great job. >> absolutely. i cannot remember the expression . protests and egypt continue for a six the day. lou: and still in power showing no sign, at least obvious sign that he is goingo weaken and allow his new-found powers to dissipate separately. what is your reaction? >> my reaction is that he drew conclusion that i think a normal human being would draw from hillary clinton and president obama's warm endorsement of his mediation role and he gaza is real conflict. it is amazing tome that even though they have criticized him their restraint in that criticism is real remarkable. because what the president did was throw down the gauntlet ii st., i am ferrule. their response has been lukewarm understandably because we do have larger fish to fry, like the peace with egypt and israel and we don't wwnt egypt to become syria or chaotic. still, what he did was amazing. >> she w brilliant. he negotiated this deal between israel and tomas. within 24 hours a declared himself anew that he had the uned states under a b
. >> hillary clinton today saying she was doing a great job. >> absolutely. i cannot remember the expression . protests and egypt continue for a six the day. lou: and still in power showing no sign, at least obvious sign that he is goingo weaken and allow his new-found powers to dissipate separately. what is your reaction? >> my reaction is that he drew conclusion that i think a normal human being would draw from hillary clinton and president obama's warm endorsement of his...
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>> it's not just the clinton tax rates. we had a pretty good economy under bill clinton. >> different spending rates, too, back then, governor. >> well, that's right. it's also cuts in defense which we haven't had in 30 years and a cut in human services, which i'd rather not do, but i think everybody needs to something on the table to get what we need to get. it's the best deal for the country. we'll have a recession. the cbo thinks and i agree with this, we'll have 1.3% negative growth for two quarters and we'll go back with a slightly less than 2% growth rate for the entire. we're not going to get out of this without pain. anybody when thinks we'll get through the deficit problem without having to do some sacrificing is wrong. what this does in my view as a democrat is it distributes the burden of the pain fairly, that is, we go back to the clinton tax rates for everybody, not just for rich folks. and we had a good economy under bill clinton. we go back -- we get -- cuts in defense spending which we know is higher than it
>> it's not just the clinton tax rates. we had a pretty good economy under bill clinton. >> different spending rates, too, back then, governor. >> well, that's right. it's also cuts in defense which we haven't had in 30 years and a cut in human services, which i'd rather not do, but i think everybody needs to something on the table to get what we need to get. it's the best deal for the country. we'll have a recession. the cbo thinks and i agree with this, we'll have 1.3%...
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hillary clinton was not clear about what the red line would be? >>reporter: that is right. for the talk about a "red line" is seen as crossing, officials are being vague about the actions by the americans that it would trigger. >> we think it is important to prepare if contingency planning. we are actively consulting with friends, and allies and the opposition. i would not want to speculate what actually might happen. >>reporter: the sites where certain president bashar al-assad stores and maintains the stockpiles of chemical weapons and their related components are broadly speaking, known to american intelligence agencies much the step up movement at the locations was first reported by "new york times" and senior officials confirmed it to fox news and added "we don't know if the scenes plan to use them but there are troubling signs." the real fear on the part of the obama white house specifically is that assad, having failed to stop the two year uprising using conventional military means and having killed an estimated 40,000 people in the process, could now turn to weapons
hillary clinton was not clear about what the red line would be? >>reporter: that is right. for the talk about a "red line" is seen as crossing, officials are being vague about the actions by the americans that it would trigger. >> we think it is important to prepare if contingency planning. we are actively consulting with friends, and allies and the opposition. i would not want to speculate what actually might happen. >>reporter: the sites where certain president...
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the military is prepared to use poisen gas bombs, secretary of hillary clinton flew to dublin to hold a meeting with her russian counter part and u.n. enjoy to syria meeting to discuss how they would end the now 21-month long conflict in syria and how to move assad from power. and there's no sign they had to reverse the support, and today, a senior lawmaker says the syria government is now incapable of functioning properly. just before the meeting with the russian foreign minister, secretary clinton insisted that the united states and russia share common goals in the region. >> trying hard to work hard with russia to stop the bloodshed in syria and begin a political transition to a post asad future. the pressure against the regime in and around damascus seems to be increasing. lou: at home, leon pa net fa issuing the -- panetta issuing the sharpest warning yet. >> the president of the united states made it clear there will be consequences. there will be consequences if the assad regime makes a terrible mistake by using chemical weapons on their own people. lou: neither the white house
the military is prepared to use poisen gas bombs, secretary of hillary clinton flew to dublin to hold a meeting with her russian counter part and u.n. enjoy to syria meeting to discuss how they would end the now 21-month long conflict in syria and how to move assad from power. and there's no sign they had to reverse the support, and today, a senior lawmaker says the syria government is now incapable of functioning properly. just before the meeting with the russian foreign minister, secretary...
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that i think that hoops that republicans are going through to find an alternative to raising raters on clinton era rates. it could get so ca complicated d get worse. when you talk mortgages and charities and everything else. why not raise rates on rich, fight for a simp her tax system that -- simpler tax system that might provide lower taxes down the road. >> well we need to demand concessis on spending. neil: we're not getting them. >> that is the point, so putting up taxes is not a way of getting concessions in the future. neil: from the get go they put up that 800 billion figure. >> a starting point, the problem is that, as you know, not only will the democrats want more in taxes, but they have in place, with this horrible dea that was done a year and a half ago with debt sealing that gives deal -- there is a deal in place. and it recalls that fiscal cliff, but the deal of made a year and a half ago, the republicans, democrats and president signed off on this, allowing tax increases to go back in place. and they signed on to half a trillion in cuts, inomtic programs and half a trillion in d
that i think that hoops that republicans are going through to find an alternative to raising raters on clinton era rates. it could get so ca complicated d get worse. when you talk mortgages and charities and everything else. why not raise rates on rich, fight for a simp her tax system that -- simpler tax system that might provide lower taxes down the road. >> well we need to demand concessis on spending. neil: we're not getting them. >> that is the point, so putting up taxes is not...
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does he insist on raising the top rate from 35% all the way up to the clinton rate of 39.6%, or would he compromise on something lower, like 37%? is that negotiable. >> we will not extend an extension of the tax rates for the top 2%, we think they should go back and need to go back to clinton levels and let me explain why. >> chris: i just -- to answer my question, specifically, you are saying nonnegotiable, 39.6%. >> we think that is the way to do it. if you don't do that, it costs a trillion dollars, roughly a trillion dollars over ten years. >> chris: not if you went to 37%. >> again, but you are -- >> that is one of the ideas, out there, sir, i'm not making it up. >> that is out there, and again we are proposing to let the rates go back to clinton levels and that was a time of remarkably good economic growth, in the country. strong private investment, and strong job growth, strong broad-based growth in incomes, and, it was a good time for the american economy and in addition we propose to limit deductions for the top 2% of americans as well and are willing to work with republicans
does he insist on raising the top rate from 35% all the way up to the clinton rate of 39.6%, or would he compromise on something lower, like 37%? is that negotiable. >> we will not extend an extension of the tax rates for the top 2%, we think they should go back and need to go back to clinton levels and let me explain why. >> chris: i just -- to answer my question, specifically, you are saying nonnegotiable, 39.6%. >> we think that is the way to do it. if you don't do that, it...
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the converse happened when president clinton lowered the capital-gains tax rate from 28 to 20%. we had doubling of income. the government did from capital gains. so it works on both sides. if investment capital begins to dry up. more tend to get less of it. where swill it go. where will all the investment income go. >> it will stay on the sidelines or disappear. financial mark gets go down aa well as up. that is what we're experiencing now. capital is on strike. much capital is not being created. we see it in western europe. we see it in japan. would apply the same poison here. real people are just debating. how much more burden would we put on already weak economy? david: steve, will republicans cave on the issue of tax rate increases. will they agree with the president and his folks to raise ttx rates? >> the rank-and-file that talk to want to hold fast on that and say, no we're not going to do it. you want to push the economy off the cliff, you're the chief executive. you're supposed to be bringing people together. and put, throw the ball back in his court. david: you think n
the converse happened when president clinton lowered the capital-gains tax rate from 28 to 20%. we had doubling of income. the government did from capital gains. so it works on both sides. if investment capital begins to dry up. more tend to get less of it. where swill it go. where will all the investment income go. >> it will stay on the sidelines or disappear. financial mark gets go down aa well as up. that is what we're experiencing now. capital is on strike. much capital is not being...
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absolutely and this is extremely dangerous and i think this is probably one of the reasons that secretary clinton agreed to meet with the russian foreign minister and rahim my, the u.n. ambassador for the syrian issue and the syrian dossier. if the regime uses chemical weapons or any weapons of mass destruction, the regime in syria, that is definitely an indication that it is a last act of desperation. melissa: yeah. >> i'm sure that the international community will try to prevent that in any way, shape or form. the syrian, the russian president, putin, a couple of days ago when he was in turkey, he gave some signals that the chem cap -- chemical weapons in syria are secure. we need to sit down with the russians to see if they have any guaranties to the security of these weapons. >>you talked about how the international community could do to prevent it. there are weapons weapons and there is money. what could we do at this point to try to stop this from happening? >> well i think, you know, the regime of syria has these weapons and i'm not sure they're going to sell them or if we put money on the
absolutely and this is extremely dangerous and i think this is probably one of the reasons that secretary clinton agreed to meet with the russian foreign minister and rahim my, the u.n. ambassador for the syrian issue and the syrian dossier. if the regime uses chemical weapons or any weapons of mass destruction, the regime in syria, that is definitely an indication that it is a last act of desperation. melissa: yeah. >> i'm sure that the international community will try to prevent that in...
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this goes back to the idiocy of susan rice, hillary clinton, but back to barack obama himself. i will never forget the article he wrote after 9/11 where he tried to excuse islamic violence and islamic terrorism after the terrorist attacks here on american soil by shill this pablum that spread this. morsi was were educated right here in the west. they know exactly what they're doing. they're playing america's leaders for fools. >> sean: michelle malkin thanks for that insightful report. >>> coming up, crazy left wing rhetoric hits new lows on talk radio as they talk about beheading people that are part of the tea party movement. we'll give it the media mash treatment and run through the most offensive examples. do you want your kids disavowing their americanness, or maybe their female or maleness or whiteness? the crazy education your college kids are receiving, of course on your dime, all around the country, straight ahead. ♪ ♪ [ male announcer ] they are a glowing example of what it means to be the best. and at this special time of year, they shine even brighter. come to t
this goes back to the idiocy of susan rice, hillary clinton, but back to barack obama himself. i will never forget the article he wrote after 9/11 where he tried to excuse islamic violence and islamic terrorism after the terrorist attacks here on american soil by shill this pablum that spread this. morsi was were educated right here in the west. they know exactly what they're doing. they're playing america's leaders for fools. >> sean: michelle malkin thanks for that insightful report....
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sure the clinton tax cuts are back in place for all people, not just the rich. but just imposing tax on the rich, you will have to concede, is part of his class warfare scheme and his desire to get even with the successful people. it's contrary to the american dream. it will not do anything to address our revenue issue and our debt issue. david, how can you support this? >> david, just a moment. you and sean both agree, and i want to join you in this, we need to do something about spending in this country, it's out of control. we need to limb the size of government. if you truly believe these things, then you say it's not just about imposing damage on the middle class, the poor who rely on social safety net programs. you have to say the rich have to have some skin in the game. >> hang on one second. >> and they do, they do. >> hang on, hang on. >> and it in terms of tax rates in this country. >> hold on. one sec. i want to ask juan a question. why won't the president negotiate all of this at the same time in because the president is saying give me what i want an
sure the clinton tax cuts are back in place for all people, not just the rich. but just imposing tax on the rich, you will have to concede, is part of his class warfare scheme and his desire to get even with the successful people. it's contrary to the american dream. it will not do anything to address our revenue issue and our debt issue. david, how can you support this? >> david, just a moment. you and sean both agree, and i want to join you in this, we need to do something about...
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we need to go back to the clinton era rates for the most well off americans. it's not going to kill us. the line between freedom and tyranny is not the 35 we pay now and the 39 that the rich will pay as we did when america was a communist paradise. it's just silly now. you've got to be for a tax rate increase or we will go over this fiscal cliff. >> no, you don't. you could raise from a carbon tax of $20 a ton, which will deal with, we are having the biggest record carbon levels. you could raise -- at 4% a year over the next ten year, twice as much as you could from allowing the bush tax rates to lapse. why the income tax system is overburdened in the united states. we use it too much. we should be looking at other taxes. we can't do it in 29 days. why are we doing it in 29 days? >> but the president ran on >> the republicans must agree to higher tax rates on well off americans. all the way to the 39.6 that the president, they have to. that's the ticket for admission because the president won the election and campaigned on that. the democrats are going to have
we need to go back to the clinton era rates for the most well off americans. it's not going to kill us. the line between freedom and tyranny is not the 35 we pay now and the 39 that the rich will pay as we did when america was a communist paradise. it's just silly now. you've got to be for a tax rate increase or we will go over this fiscal cliff. >> no, you don't. you could raise from a carbon tax of $20 a ton, which will deal with, we are having the biggest record carbon levels. you...
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Nov 30, 2012
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bill clinton i think we met really don't know what they're doing. the vice president should be with the senate right now. that's whht he should be doing, not out shopping or campaigning. this is serious stuff. we are going t raise this year -- this is one thing tt is not being talked about. almost $3 trillion. that will be the most of this government in the history of the republic has ever taken in. $3 trillion. so why the current tax rate revenues increase? why would you go and raise tax rates on businesses and people who are trying to create jobs. most of those are small businesses. lou: and fitting into the top 2%, according toome etimates -- as he talked about the size of the revenue coming in, most of that from income tax, obviously. pple forget that we have seen revenue of the federal government rise by 26% over the past two years. with those bush tacuts in place. with that kind of increase in revenue, spending is without question the problem. >> yes, and to talk about raising taxes right now. at the same time, not talk about health care. we h
bill clinton i think we met really don't know what they're doing. the vice president should be with the senate right now. that's whht he should be doing, not out shopping or campaigning. this is serious stuff. we are going t raise this year -- this is one thing tt is not being talked about. almost $3 trillion. that will be the most of this government in the history of the republic has ever taken in. $3 trillion. so why the current tax rate revenues increase? why would you go and raise tax rates...
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try to do something a little bit more mainstream with a little bit more broad appeal, a la hillary clinton in her first couple of months up here on capitol hill. they don't expect her to focus entire loin the consumer financial protection bureau, for example. they think she would like a larger beach head on capitol hill and i think that is where this is going. >> thank you very much. take it down to sue at the nyse. >> i have kenny poll carry, independent trader at the nyse with me. you made a note in your morning note that we are stuck this in range until we get progress. >> look where we are, between 1400 on the downside you can and 1420 the upside. today, done absolutely nothing, at 1404, 1406 all day, not a lot of action, not a lot of activity at all. people just in this wait and see mode, right? more chatter out of washington. i think a lot of people expecting the interview with the president, hear what he had to same the market got weaker after spoke. >> down 18 point on the trading session now the volume disturbing now, because there is none. >> that just tells that you investors ar
try to do something a little bit more mainstream with a little bit more broad appeal, a la hillary clinton in her first couple of months up here on capitol hill. they don't expect her to focus entire loin the consumer financial protection bureau, for example. they think she would like a larger beach head on capitol hill and i think that is where this is going. >> thank you very much. take it down to sue at the nyse. >> i have kenny poll carry, independent trader at the nyse with me....
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if barak obama believes in the clinton tax cuts, let them go back into affect for the entire country and see if the country believes they are good for america. >> the president is campaign acting like he received a anytime percent man date when he only received half. what impact is this having on the psyche of the gop. >> it is affecting the psyche of the president. he's act being like he did win a huge victory . he did win a substitute victory and what happened to the republicans is, they are fearful of all of these taxes going up they are trying to a bargain in good faith to give away something and then say if you will give us something and make us look good. don't humiliate us. the democrats are humiliating the republican party in making that offer . i think their own dignity and principles and beliefs, what republicans ought to say is, we think that extending the tax cuts pay roll and bush tax cuts is good for economy and america and consistent with our principles and blives and you are not going to put a gun to our head and testimony us to give up all of these things and we'll v
if barak obama believes in the clinton tax cuts, let them go back into affect for the entire country and see if the country believes they are good for america. >> the president is campaign acting like he received a anytime percent man date when he only received half. what impact is this having on the psyche of the gop. >> it is affecting the psyche of the president. he's act being like he did win a huge victory . he did win a substitute victory and what happened to the republicans...
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that and now it's not-- >> no, no, no, i do not believe that raising the marginal tax rates to the clinton rates for the wealthiest among us-- >> i knew you were going to say that, you're comparing a totally different economy. what we have now is 8% unemployment. very sluggish growth and a trillion dollar deficit every year. you propose to raise taxes in that environment and you're not going to get growth. >> don't you understand you need to off set-- if you're serious about debt reduction, i think you are, don't you understand you need revenue and spending cuts. stuart: and how do you get revenues. >> how. >> please, go ahead, go ahead. stuart: it's easy you lower tax rates and keep incentive to work harder. >> we've tried that. stuart: and you can't-- what. >> george bush tried that. look at the deficit we had. stuart: well, wait a minute you cannot rewrite economic history. after george bush lowered tax rates the return to the treasury, the money coming into the treasury went way up and the deficit, by the way, in 2007 was 167 billion dollars. >> so. stuart: president obama has got, 167
that and now it's not-- >> no, no, no, i do not believe that raising the marginal tax rates to the clinton rates for the wealthiest among us-- >> i knew you were going to say that, you're comparing a totally different economy. what we have now is 8% unemployment. very sluggish growth and a trillion dollar deficit every year. you propose to raise taxes in that environment and you're not going to get growth. >> don't you understand you need to off set-- if you're serious about...
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officials including secretary of state, hillary clinton with her words echoed by the state department spokeswoman. >> we have had concerned and we are clear why we will vote the way we will vote. the path to two states goes through jerusalem not through new york. >>jonathan: today the focus is indeed on new york, is indeed on the united nations right here, the general assembly, with the street come during this hour. it will be historic. it could alter the course of history in the middle eat. >>shepard: now the assistant managing editor of the the "wall street journal," parent company of this network. israel says it and meaning less and lobbies against it. not "meaningless." >>guest: it is symbolic. 132 nations already have recognized palestine as a sovereign state. they have exchanged ambassadors. so the united nationses is catching up with the international trend. it will be significant for the reasons that john than -- jonathan pointed out that the palestinian liberation organization could take israel to the international court. israel says if it gets do that change and they do that
officials including secretary of state, hillary clinton with her words echoed by the state department spokeswoman. >> we have had concerned and we are clear why we will vote the way we will vote. the path to two states goes through jerusalem not through new york. >>jonathan: today the focus is indeed on new york, is indeed on the united nations right here, the general assembly, with the street come during this hour. it will be historic. it could alter the course of history in the...
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. >> ford is your we offered a serious proposal based on testimony of friends that clinton's former chief of staff. since then there has been no counteroffer from the white house. instead, reports indicate that the president has adopted a deliberate strategy to a slow walk our economy right to the edge of the fiscal cliff. gerri: earlier i asked republican senator richard shelby of alabama for his take on the comments from boehner. >> i believe that speaker boehner is on the right track. the president has not come uptown now, been deeply involved, that we know about , in any of these offers are counteroffers. dealers said he has been campaigning to meet. but he has to get involved if he wants to avoid the fiscal cliff. i think that the speaker has indicated that he will try to engage in, try to meet him and try to avoid the fiscal cleft that the presiient is going to continue to say it is my way or the highway, that is another game. gerri: it is. harry reid today saying that the game is at chess game, and the republicans are the jets. here is harry reid. >> he has a problem. he has three
. >> ford is your we offered a serious proposal based on testimony of friends that clinton's former chief of staff. since then there has been no counteroffer from the white house. instead, reports indicate that the president has adopted a deliberate strategy to a slow walk our economy right to the edge of the fiscal cliff. gerri: earlier i asked republican senator richard shelby of alabama for his take on the comments from boehner. >> i believe that speaker boehner is on the right...
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. >> well, defense of marriage act -- defense of marriage act was signed by president clinton in 1996, and it's a law that says the federal government, all as pecks of the federal government, including the internal revenue service will not recognize same-sex marriages even many states where same-sex marriage is legal and two appeals courts have held that that is unconstitutional, that it is unlawful discrimination. the obama administration agrees that this law is unconstitutional. it's now being defended by a lawyer hired by the house of representatives, and the case about is the defense of marriage act constitutional, that is one. there are several different cases raising that issue that the justices are probably going to decide whether to hear today. >> california's prop 8, what would that entail? >> propositional is a very different case because that's really a more fundamental case that potentially could apply in every state of the union. basically that question is does the constitution require that everyone, gay or straight, has the right to get married, and what makes the propos
. >> well, defense of marriage act -- defense of marriage act was signed by president clinton in 1996, and it's a law that says the federal government, all as pecks of the federal government, including the internal revenue service will not recognize same-sex marriages even many states where same-sex marriage is legal and two appeals courts have held that that is unconstitutional, that it is unlawful discrimination. the obama administration agrees that this law is unconstitutional. it's...
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president clinton did listen to him. and i'll tell you, i talked to bob rubin about that anecdote where clinton says you tell me a bunch of bond traders control the economy -- i'm paraphrasing -- and rubin said, yes, i am. i asked him about that once a couple years ago, and he said it was true. it wasn't as dramatic woodward made it out to be, but it did has happen. but you didn't get that out of geithner. you kind of don't think you'll get that out of lew. he's very much aligned intellectually with president obama particularly on the notion of fairnesses. you know, you talk to economistses. should we really be raising taxes now? no. hour hour tax increases, we're going to lose the deductions -- >> probably shouldn't be cutting that much. the economy is like in a very weird state right now, kind of like i think the notion is to grow it now, you know? and, you know, this guy doesn't see that. he sees raising taxes not as an economic efficiency so to speak, but as you know, you don't get a lot of tax revenues out of that,
president clinton did listen to him. and i'll tell you, i talked to bob rubin about that anecdote where clinton says you tell me a bunch of bond traders control the economy -- i'm paraphrasing -- and rubin said, yes, i am. i asked him about that once a couple years ago, and he said it was true. it wasn't as dramatic woodward made it out to be, but it did has happen. but you didn't get that out of geithner. you kind of don't think you'll get that out of lew. he's very much aligned intellectually...
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melissa: secretary of state hillary clinton responding to reports syria's regime is moving its stockpiles of chemical weapons and there is new word that syria is combining chemicals to make deadly sarin gas. would its use be enough to push unraveling middle east over the edge? for insight we turn tt brigitte gabriel, terrorism expert and president of act for america. welcome to the show. >> thank you, melissa. melissa: this is certainly frightening news and frightening reports. from what you've seen do you think this is what syria is doing? >> syria is moving chemical weapons in a way they have not done before. they usually move these things around but the activities of the last 48 hours show they are up to something and the concern here is that bashar assad says if he goes down he will take the whole middle east down with him and i believe his last resort will be using chemical weapons in, if in fact he is losing. the rebels in the last 48 hours gained really good ground against the assad regime and there were reports that came out of syria yesterday, two different reports said, some sai
melissa: secretary of state hillary clinton responding to reports syria's regime is moving its stockpiles of chemical weapons and there is new word that syria is combining chemicals to make deadly sarin gas. would its use be enough to push unraveling middle east over the edge? for insight we turn tt brigitte gabriel, terrorism expert and president of act for america. welcome to the show. >> thank you, melissa. melissa: this is certainly frightening news and frightening reports. from what...